The financial Statements have been prepared using historical cost
convention in accordance with the generally accepted accounting
principles in India issued by the Institute of Chartered Accountants of
India and in accordance with the relevant presentational requirements
of the Companies Act, 1956.

2. Use of Estimates

The preparation of financial statements requires estimates and
assumptions to be made that affect the reported amount of assets and
liabilities on the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Difference
between the actual results and estimates are recognized in the period
in which the results are known /materialized

3. Fixed Assets

Fixed assets are stated at cost. All cost attributable to bring tile
fixed assets to a working condition is capitalized.

4. Depreciation

Depreciation on fixed assets is provided on Written down Value method
in accordance with the rates specified in Schedule XIV to the Companies
Act, 1956.

5. Impairment of Assets

An asset is treated as impaired when the carrying cost of assets
exceeds its recoverable value. An impairment loss is charged for when
asset is identified as impaired. The impairment loss recognized in
prior accounting period is reversed if there lias been a change in the
estimate of recoverable amount.

6. Investments

Investments that are intended to be held for more than a year from the
date of acquisitions are classified as Long Term Investments and are
carried at cost, Provision for diminution in value of long term
investments is made only if, such a decline is other than temporary in
nature in opinion of management. Current Investments arc stated at cost
or fail- market value whichever is lower.

7. Inventories

Inventory consists of shares and securities purchased for trading
purposes. These are valued at lower of cost and net realizable value.
Cost is computeckpn FIFO basis.

8. Revenue Recognition

Interest income is accounted on accrual basis.

Dividend income is recognised when the right to receive dividend is
established.

Realised gains and losses m reject of shares & Securities and VtmtS of
ffiUTOai funds art- calculated as the difference between the net sales
proceeds and their cost.

Transaction in respect oi dealing in share and securities are
recognised on trade dates.

9- Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration
benefits admissible under the provisions of the Income lax Act, 1961.
Deferred tax resulting from "timing difference" between taxable and
accounting income is accounted for using the tax rates and laws that
are enacted or substantively enacted as on the balance sheet date. The
deferred tax asset is recognized and carried forward only to the extent
that there is a reasonable /virtual certainty that the asset will be
realized in future.

10- Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimate in measurement are
recognized when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are disclosed in the
Notes. Contingent Assets are neither recognized nor disclosed in the
financial statements.

11. Employee Benefits

Short-term employee benefits are charged off in the year in which the
related service is rendered.

12. Foreign Currency Transaction

i) Transactions in foreign exchange are accounted at the exchange
rates prevailing on the date of the transaction.

ii) Changes in the fair value of derivative instruments that do not
qualify for hedge accounting are recognized in the Profit & Loss
account as diey arise,

13. Events occurring after the Balance Sheet Date

Assets and liabilities are adjusted for events occurring after the
balance sheet date that provide additional evidence to assist the
estimation of amounts relating to conditions existing at the balance
sheet date.

14. Borrowing Costs

Borrowing costs that are attributable to the acquisition or
construction of qualifying assets are capitalized as part of the cost
of such as asset. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intendctfW. All other
borrowing costs are charged to revenue.

Mar 31, 2013

1. Basis of Preparation of Financial Statements

The financial Statements have been prepared using historical cost
convention in accordance with the generally accepted accounting
principles in India issued by the Institute of Chartered Accountants of
Tndia and in accordance with the relevant presentational requirements
of the Companies Act, 1956.

2. Use of Estimates

The preparation of financial statements requires estimates and
assumptions to be made that affect the reported amount of assets and
liabilities on the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Difference
between the actual results and estimates are recognized in the period
in which the results are known /materialized

3. Fixed Assets

Fixed assets are stated at cost. All cost attributable to bring the
fixed assets to a working condition is capitalized.

4. Depreciation

Depreciation on fixed assets is provided on Written down Value method
in accordance with the rates specified in Schedule XIV to the Companies
Act, 1956.

5. Impairment of Assets *

An asset is treated as impaired when the carrying cost of assets
exceeds its recoverable value. An impairment loss is charged for when
asset is identified as impaired. The impairment loss recognized in
prior accounting period is reversed if there has been a change in the
estimate of recoverable amount.

6. Investments

Investments that arc intended to be held for more than a year from the
date of acquisitions are classified as Long Term Investments and are
carried at cost, Provision for diminution in value of long term
investments is made only if, such a decline is other than temporary in
nature in opinion of management. Current Investments are stated at cost
or fair market value whichever is lower.

7. inventories

Inventory consists of shares and securities purchased for trading
purposes. These are valued at lower of cost and net realizable value.
Cost is computed on FIFO basis.

8. Revenue Recognition

Interest income is accounted on accrual basis.

Dividend income is recognised when the right to receive dividend is
established.

Realised gains and losses in respect of shares & securities and units
of mutual funds are calculated as the difference between the net sales
proceeds and their cost.

Transaction in respect of dealing in share and securities are
recognised on trade dates.

9. Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration
benefits admissible under the provisions of the Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between taxable and
accounting income is accounted for using the tax rates and laws that
are enacted or substantively enacted as on the balance sheet date. The
deferred tax asset is recognized and carried forward only to the extent
that there is a reasonable /virtual certainty that the asset will be
realized in future.

IQ- Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimate in measurement are
recognized when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are disclosed in the
Notes. Contingent Assets are neither recognized nor disclosed in the
financial statements.

11. Employee Benefits

Short-term employee benefits arc charged off in the year m which the
related sendee is rendered.

12. Foreign Currency Transaction

i) Transactions in foreign exchange are accounted at die exchange rates
prevailing on the date of the transaction.

ii) Changes in the fair value of derivative instruments diat do not
qualify for hedge accounting are recognized in the Profit & Loss
account as they arise.

15- Events occurring after the Balance Sheet Dare

Assets and liabilities are adjusted for events occurring after the
balance sheet date that provide additional evidence to assist the
estimation of amounts relating to conditions existing at the balance
sheet date.

14. Borrowing Costs

Borrowing costs that are attributable to the acquisition or
construction of qualifying assets are capitalized as part of the cost
of such as asset. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. All other
borrowing costs are charged to revenue.

Mar 31, 2012

1. Basis of Preparation of Financial Statements

The financial Statements have been prepared using historical cost
convention in accordance with the generally accepted accounting
principles in India issued by the Institute of Chartered Accountants of
India and in accordance with the relevant presentational requirements
of the Companies Act, 1956.

2. Use of Estimates

The preparation of financial statements requires estimates and
assumptions to be made that affect the reported amount of assets and
liabilities on the date of the financial statements and the reported
amount of revenues and expenses during the reporting period Difference
between the actual results and estimates are recognized in the period
in which the results are known /materialized

3. Fixed Assets

Fixed assets are stated at cost. All cost attributable to brin&Uhe
fixed Assets to a Working condition is capitalized.

4. Denreciation

Depreciation on Fixed Assets is provided on Written down Value method
in accordance with the rates specified in Schedule XIV to the Companies
Act, 1956.

5. Impairment of Assets

An asset is treated as impaired when the carrying cost of assets
exceeds its recoveiable value. An impairment loss is charged for when
asset is identified as impaired. The impairment loss recognized in
prior accounting period is reversed it there has been a change in the
estimate of recoverable amount.

6. Investments

Investments that are intended to be held for more than a year from the
date of acquisitions are classified as Long Term Investments and are
carried at cost, Provision for diminution in value of long term
investments is made only if, such a decline is other than temporary in
nature in opinion of management. Current Investments are stated at cost
or fair market value whichever is lower.

7. Revenue Recognition

Income & Expenditure are recognized on accrual basis and provision is
made for all known expenses.

8. Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration
benefits admissible under the provisions of the Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between taxable and
accounting income is accounted tor using the tax rates and laws that
are enacted or substantively enacted as on the balance sheet date. The
deferred tax asset is recognized and carried forward only to the extent
that theie is a reasonable /virtual certainty that the asset will be
realized in future.

9. Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimate in measurement are
recognized when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are d isclosed in the
Notes. Contingent Assets are neither recognized nor disclosed in the
financial statements.

10. Employee Benefits

Short-term employee benefits are charged off at the undiscounted amount
in the year in which the related service is rendered.

11. Foreign Currency Transaction

i) Transactions in foreign exchange are accounted at the exchange rates
prevailing on the date of the transaction.

ii) Changes in the fair value of derivative instruments that do not
quality for hedge accounting are recognized in the Profit & Loss
account as they arise.

12. Events occurring after the Balance Sheet Date

Assets and liabilities are adjusted for events occurring after the
balance sheet date that provide additional evidence to assist the
estimation of amounts relating to conditions existing at the balance
sheet date.

13. Borrowing Costs

Borrowing costs that are attributable to the acquisition or
construction ot qualifying assets are capitalized as part of the cost
of such as asset. A qualifying asset is one that necessarily takes
substantial period of time to gel ready for its intended use. All other
borrowing costs are charged to revenue.